Non-rural goods rose $938m (4%) and non-monetary gold rose $343m (22%). Rural goods fell $4m. Net exports of goods under merchanting remained steady at $4m. Services credits rose $75m (1%).In seasonally adjusted terms, goods and services debits rose $998m (3%) to $34,735m. Consumption goods rose $471m (6%), intermediate and other merchandise goods rose $459m (4%) and non-monetary gold rose $142m (23%). Capital goods fell $98m (2%). Services debits rose $23m.
Australian Trade Balance recorded surplus of $827 million
In trend terms, the balance on goods and services was a surplus of $1,056m in May 2018, an increase of $83m on the surplus in April 2018. In seasonally adjusted terms, the balance on goods and services was a surplus of $827m in May 2018, an increase of $355m on the surplus in April 2018. In seasonally adjusted terms, goods and services credits rose $1,353m (4%) to $35,562m.
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